Mahatma Gandhi observed,
Possibly 1% of the Earth own the same amount as the remaining 99%. Are these events connected. Does the accumulation of this extraordinary wealth, controlled by so few, have a bearing on the extreme poverty of so many and in economic terms, is there a link between the numeric imbalance between the changing fortunes in either camp?
And what of the opportunities control of this extreme wealth represents.
Consider Mukesh Ambani. India's richest man and the 4th richest in the World. He has a new boat coming. The YACHT. And of course there is his house overlooking the poor people, where his wife and three children have some 440,000 square feet of space to be waited on by their 600 staff. The HOUSE. Ambani sold his London Apartment for some £140 Million. The London APARTMENT.
Obscene wealth?
How about the Saudi Defense minister, Prince Sultan bin Abdul Aziz. Obviously ministerial salaries in Saudi are pretty good when you can afford a $200 Million YACHT.
Oligarch Abramovitch, described in a London Court this week by his former associate as a 'Gangster' spends obscene wealth obscenely. On one boat alone he has spent a rumoured $1 Billion. The YACHT.
Robert Kuok. A Malaysian businessman, 88, spent almost $5 Billion on a boat that is Gold Plated. The Gold Plated YACHT.
Saudi Prince Alwaleed Bin Talal Alsaud owns 3 palaces, a $500 million yacht, and a private Boeing 747 with an Airbus A380 on the way.
In the US, just 400 people have more wealth than half of all America combined. Add the resources owned by the top 1% wealthy in the world - and the figure will be approximately the same as that shared by the remaining 99%.
Even if the wealth of Putin is not the trillion dollars rumored, he is undoubtedly wealthy to an extraordinary level and those who criticize his wealthy ways seem to end up badly.
Do the 1% super rich warrant their wealth? Is their wealth commensurate with their endeavor? Does this wealth in any way reflect a contribution that has made the world a better place?
The saying 'it takes money to make money' suggests that as these uber fortunes accumulate, the flow of money toward their gravitational pull can only mean one thing. The rich will continue to get richer while the poor will get poorer. Never before has the contrast between the two been so evident. It seems that the 99% exist solely to provide the services required by the Super rich 1%, who own 99% of everything, from the Government, to the Mosques, to the land and to the skies.
The most likely scenario in respect of change in the distribution of wealth - is that ten years from now the numbers will read 99.2% own the same as .8%.
Unless.
With ever increasing numbers falling below the poverty line, it is interesting to see the extent to which extreme wealth is concentrated more than ever in the hands of a small minority.
Possibly 1% of the Earth own the same amount as the remaining 99%. Are these events connected. Does the accumulation of this extraordinary wealth, controlled by so few, have a bearing on the extreme poverty of so many and in economic terms, is there a link between the numeric imbalance between the changing fortunes in either camp?
And what of the opportunities control of this extreme wealth represents.
Consider Mukesh Ambani. India's richest man and the 4th richest in the World. He has a new boat coming. The YACHT. And of course there is his house overlooking the poor people, where his wife and three children have some 440,000 square feet of space to be waited on by their 600 staff. The HOUSE. Ambani sold his London Apartment for some £140 Million. The London APARTMENT.
Obscene wealth?
How about the Saudi Defense minister, Prince Sultan bin Abdul Aziz. Obviously ministerial salaries in Saudi are pretty good when you can afford a $200 Million YACHT.
Robert Kuok. A Malaysian businessman, 88, spent almost $5 Billion on a boat that is Gold Plated. The Gold Plated YACHT.
Saudi Prince Alwaleed Bin Talal Alsaud owns 3 palaces, a $500 million yacht, and a private Boeing 747 with an Airbus A380 on the way.
In the US, just 400 people have more wealth than half of all America combined. Add the resources owned by the top 1% wealthy in the world - and the figure will be approximately the same as that shared by the remaining 99%.
Even if the wealth of Putin is not the trillion dollars rumored, he is undoubtedly wealthy to an extraordinary level and those who criticize his wealthy ways seem to end up badly.
Do the 1% super rich warrant their wealth? Is their wealth commensurate with their endeavor? Does this wealth in any way reflect a contribution that has made the world a better place?
The saying 'it takes money to make money' suggests that as these uber fortunes accumulate, the flow of money toward their gravitational pull can only mean one thing. The rich will continue to get richer while the poor will get poorer. Never before has the contrast between the two been so evident. It seems that the 99% exist solely to provide the services required by the Super rich 1%, who own 99% of everything, from the Government, to the Mosques, to the land and to the skies.
The most likely scenario in respect of change in the distribution of wealth - is that ten years from now the numbers will read 99.2% own the same as .8%.
Unless.
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